This is a type of life insurance in which a single contract covers an entire group of people. As an employer, it is good to have beneficial plans established for the employee’s welfare. The cover is ideal for corporates, SME’s, Sacco’s, religious and educational institutions, parastatals and government agencies.
Some of the key benefits of the cover include;
- It is pocket friendly to employers
- It provides coverage to employees family too
- Provides tax benefits to employers